Gold is down over 1% this morning, extending recent weakness to 3-week lows on the basis that the world didn’t end (and the debt ceiling was extended) we presume. Notably, both USDJPY and Bitcoin are mirroring the precious metal’s move…
It seems gold’s stop-run over the election night highs prompted the reversal…
Kuroda has been busy the last week or so saving the world with Yen-carry trades…
But it seems the sudden realization that China’s crackdown in crypto is not such a big deal has prompted some rotation…
The dollar index is on the rise also.
The RSS chief said, ‘They do not resort to violence even if their sentiments are deeply hurt’
A ProPublica report has revealed the perils of relying on an unchecked algorithm and self-reported user data.
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Aims to reduce harmful use of alcohol by end of 2025
A decision upholding the conviction of Mathew Martoma, a former SAC Capital portfolio manager, gives the upper hand back to prosecutors.
Bernie Sanders’s plan come amid growing public support for government-sponsored health care.
The 160 Dow Jones Industrial Average DJIA 160 spent most of the session flirting with breakeven with upside momentum capped by Apple shares However the Dow broke out in late day trading notching another record high close and a fourth straight win Likewise the 160 Nasdaq
The White House cited “national security concerns” in its decision to block the deal.
Public sector lender Jammu and Kashmir Bank (J-K) has lowered interest rate on its savings bank accounts by 0.50 per cent to 3.50 per cent with effect from today, following the industry trend.
“The bank has revised the interest rate on savings bank deposit accounts with effect from September 12, 2017. The revised interest rate on domestic/NRO/NRE rupee savings bank deposits is revised to 3.5 per cent per annum from 4 per cent per annum,” the bank said in a regulatory filing.
The interest rate cut primarily began with industry leader SBI slashing it 0.50 per cent to 3.50 pr cent for deposits up to Rs 1 crore on July 31 this year.
So far, nearly two-dozen banks, both public and private, have cut interest rate in various quantum on deposits they pay to customers.
Shares of J&K Bank traded 2.70 per cent up at Rs 81.70 on BSE.
Although the greatest fears of those closely watching Hurricane Irma as it approached the Florida coast the West coast Gulf of Mexico side as opposed to a direct hit on Miami Beach and complete engulfment of the entire state were better than anticipated we ll still be looking at